Ireda net profit grows to Rs 554 cr in Sep qtr
Executive Brief • Key Highlights
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- ✓Ireda net profit grew to Rs 554 crore in the September quarter.
- ✓The state-owned firm said revenue from operations rose 14% to Rs 2,345 crore.
- ✓Loan disbursements also surged 31% to Rs 10,579 crore.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Ireda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from operations increased by 14%, totaling Rs 2,345 crore. Additionally, loan disbursements surged by 31%, reaching Rs 10,579 crore. This quarter also marked an 11% rise in net worth, showcasing Ireda's strength in renewable energy financing and management of asset quality.
State-owned Ireda has posted a marginal rise in its standalone net profit to Rs 554 crore for the September quarter, the company said on Monday.
It earned a net profit of Rs 549 crore in the second quarter of the preceding financial year, the Indian Renewable Energy Development Agency (Ireda) said in a statement.
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